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EUR/GBP pressured, giving back a 61.8% retracement of the eurozone data bid

3 monthes ago   |   By FXCM

EUR/GBP runs into a roadblock, capped by US session supply.
UK budget back in focus as a play-off with the BoE aha of official UK/EUR trade talks next month.
EUR/GBP has been capped in the up-surge during the New York session, despite improved sentiment in the eurozone's economic data and has given back a 61.8% Fibonacci retracement on the day so far. At the time of writing, EUR/GBP is trading at 0.8376 having travelled between a low of 0.8355 and a high of 0.8415.
While the eurozone data made for a sigh of relief, in that consumer confidence was strengthening in February despite the...
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